Ms. Mairead Lavery at the Environment and Sustainable Development Committee

On April 26th, 2022. See this statement in context.

April 26th, 2022 / 11:35 a.m.

President and Chief Executive Officer, Export Development Canada

So that I am very clear, we do not provide subsidies. EDC has provided support to the oil and gas industry, and companies in the oil and gas industry. That number has been significantly reducing in the last three years. In fact, it has reduced by 65%.

I can't speak to the specifics of the Environmental Defence report, but I can confirm that in 2021 we did provide $4.4 billion in financial support to the oil and gas industries.

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